The VNB Solar Financing Advantage
Select Bank
Loan Offerings
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
EBLR - 2.15% Effective Rate as on date: 10.15%
Maximum Loan Amounts
6 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
ROI at Repo + 0.50% i.e. 7%
Maximum Loan Amounts
7 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
NIll
Security
Nill
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
Reducing 7% (Linked to EBLR)
Maximum Loan Amounts
2 lakhs
Maximum Loan Tenure
Maximum 10 years
Existing Product Names and Details Margin
Minimum 10% of Total Project cost shall be contributed by the Borrower
Security
Hypothecation of the Equipment to be Purchased out of the Loan Component Security
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
Floating ROI Regime # 7.00% (RLLR - 2.25%)
Maximum Loan Amounts
Maximum upto Rs.2.00 lakh (including subsidy)
Maximum Loan Tenure
Maximum 10 Years
Existing Product Names and Details Margin
Nill
Security
Hypothecation of roof top Solar/ Assets created out of Bank finance under this scheme
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
EBLR-2.25 % presently 7% pa. Reducing.
Maximum Loan Amounts
90% of project Cost (as per MNRE approved dealer) or 2.00 Lakh
Maximum Loan Tenure
Maximum 120 EMIs
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
RLLR+BSP-2.25% i.e. presently 7.00% p.a
Maximum Loan Amounts
7 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
For Rooftop Solar Plant Capacity up 3 KW - RLLR - 2.30% , Effective Rate as on date: 7%
Maximum Loan Amounts
Up to 3 KW – Rs 2.00 lakhs
Maximum Loan Tenure
Maximum Maximum 120 months
Existing Product Names and Details Margin
10% of Project Cost Upto 3KW shall be Contributed by Borrower & 20% of Project Cost Above 3KW shall be Contributed by Borrower
Security
Primary - Hypothencation of Assets Created out of Bank Finance
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
Capacity up to 3KW : UCO Float Rate - 2.30% (Strategic Discount) i.e. 7.00% at present
Maximum Loan Amounts
Up to 3KW : Maximum 2 Lakh & Above 3KW : Maximum 6 Lakh
Maximum Loan Tenure
Maximum 10 Years + Including Maximum Moratorium Period of 6 Month
Existing Product Names and Details Margin
For RTS Upto 3KW 10% of Project Cost & For RTS Above 3KW 20% of Project Cost
Security
For RTS Upto 10KW Hypothecation of Assets Created out of Loan i.e. RTS
Processing Fees
For RTS Upto 10KW - NIL & For RTS Above 10KW 0.40% of Loan Amount Subject to max of Rs 5000/-
Net Interest rate to consumer (% p.a.)
For RTS upto 3kW-7% & For RTS above 3kW-9.35% to 10.50%
Maximum Loan Amounts
20 Lakhs
Maximum Loan Tenure
Maximum 10 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
11.16%
Maximum Loan Amounts
Rs 10 lakh
Maximum Loan Tenure
Maximum Upto 5 years
Existing Product Names and Details Margin
Nill
Security
Nill
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
For Solar units up to 3 KW : 7% P.A.
Maximum Loan Amounts
Max. Rs. 2.00 Lakh (for solar unit up to 3KW) and Rs. 10.00 Lakh (for Solar unit above 3 KW to 10 KW)
Maximum Loan Tenure
Maximum 10 Years (including 6 months moratorium)
Existing Product Names and Details Margin
Nill
Security
Nill
Processing Fees
Nill
Net Interest rate to consumer (% p.a.)
ROI –Repo ( at present 6.50%)+Prime Spread (2.70%) – BSD (2.20%) presently 7%
Maximum Loan Amounts
2 Lakh
Maximum Loan Tenure
Maximum 10 years
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
RBLR- 2.25% Minimum 7.00% p.a.
Maximum Loan Amounts
6 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
11% to 12.5% p.a. (flat)
Maximum Loan Amounts
Up to Rs 40 lakh
Maximum Loan Tenure
Maximum 5 Years
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
For SFMF 10% For Non SFMF 11 % and Commercial 12.15 % (Reducing Rate)
Maximum Loan Amounts
7 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
Minimum 10% of the Project Cost
Security
Hypothecation of Assets
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
Starting 11% p.a.
Maximum Loan Amounts
6 lakhs
Maximum Loan Tenure
Maximum 120 months
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
Floating @11.75% p.a.
Maximum Loan Amounts
upto 50 lakhs
Maximum Loan Tenure
Maximum upto 7 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
10 to 14%
Maximum Loan Amounts
Upto Rs 2 cr
Maximum Loan Tenure
Maximum 5 yrs
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
Upto 12.99%
Maximum Loan Amounts
Upto 100% of project cost
Maximum Loan Tenure
Maximum Upto 4 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
Upto 12.99%
Maximum Loan Amounts
70% of Project Cost
Maximum Loan Tenure
Maximum Upto 3 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
8.5 to 10.5%
Maximum Loan Amounts
80% of Project Cost
Maximum Loan Tenure
Maximum Upto 5 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
14.04%
Maximum Loan Amounts
70% of Project Cost upto 150 kWp
Maximum Loan Tenure
Maximum Min 2 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
7.46 to 13%
Maximum Loan Amounts
Upto 100% of project cost
Maximum Loan Tenure
Maximum Upto 3 years
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
7% - 13% Flat Rate Of Interest
Maximum Loan Amounts
Upto ₹ 50 Lakhs (Upto 100 KW)
Maximum Loan Tenure
Maximum Upto 5 Years (Customised tenure facility also available)
Existing Product Names and Details Margin
Nil
Security
Nil
Processing Fees
Nil
Net Interest rate to consumer (% p.a.)
Dhanam Green Loan with collateral security-9.50% to 9.80% & Dhanam Green Loan with out collateral security-11.50% to 11.80%
Maximum Loan Amounts
Residential-Rs.10 Lakhs & Commercial-Rs.50 Lakhs
Maximum Loan Tenure
Maximum For existing Home Loan/LAP customers - 15 years or residual tenor, whichever is lower 5 years for others and standalone customers